Cryptocurrency and tax evasion implications for public revenue generation Department: Public Administration By: sifypatprojects Project ID: 9228 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe rapid growth of cryptocurrencies has introduced new challenges to tax administration systems worldwide, particularly in developing economies where regulatory frameworks are still evolving. This study examines the relationship between cryptocurrency usage and tax evasion, as well as its implications for public revenue generation in Nigeria. Cryptocurrencies, characterized by decentralization, anonymity, and borderless transactions, provide opportunities for individuals and businesses to conceal income and avoid taxation, thereby undermining government revenue. The study adopts a quantitative research approach using secondary data sourced from the Federal Inland Revenue Service, the Central Bank of Nigeria, and international financial reports. The analysis focuses on trends in cryptocurrency adoption, tax compliance levels, and government revenue performance over time. Findings reveal that increased cryptocurrency transactions are associated with reduced tax transparency, making it difficult for tax authorities to track taxable income and enforce compliance. This has contributed to revenue leakages and weakened the capacity of the government to fund public services and infrastructure. Furthermore, the study identifies key challenges such as inadequate legal frameworks, lack of technical expertise, and limited access to blockchain analytics tools. Despite these challenges, cryptocurrencies also present opportunities for improving tax systems through enhanced digital tracking mechanisms if properly regulated. The study concludes that while cryptocurrencies pose significant risks to effective tax administration and public revenue generation, these risks can be mitigated through robust regulatory policies, improved technological capacity, and international cooperation. It recommends that policymakers strengthen tax laws, invest in digital monitoring tools, and enhance collaboration with global institutions to ensure efficient taxation of cryptocurrency-related activities while promoting transparency and accountability in public finance....Preview Download Preview +Other Public Administration project topics and materials you might be interested in»Impact of industrial conflict on the performance of workers in the government parastatal (a case study of Nigeria National Petroleum Corporation (NNPC)»Human resources as a catalyst for economic growth and development in Nigeria (a case study of Abuja municipal area council) »The influence of effective personnel management practice in organization performance»Local government financial autonomy and grass root development in Nigeria (a case study of Afikpo north local government area)»Effects of delayed payment of lecturers salaries and wages on students performance»Manpower training and development as a tool for effective performance in public sector in Nigeria»The impact of poor revenue generation on the development of Local Government Areas»Enhancing political stability in Nigeria through good governance ( a case study of Abia state)»Fuel subsidy removal and the Nigerian economy (a case study of Abakiliki local government area, Ebonyi state) »Niger-Delta crisis and its impact on socio-economic development in Nigeria»Accountability and corruption in local government in Nigeria (Case study of Bonny local government area of Rivers state)»Political instability a major hindrance to effective policy implementation and good governance (a case study of Nigeria 1983 -1999)»Bureaucracy and efficiency (a case study of Enugu state civil service)»Impact of collective bargaining techniques on industrial relations practice (a case study of two selected firms from NUPENG and NUBIFE)»The level of implementation of the pension act in federal polytechnic: (a study of Akanu Ibiam federal polytechnic, Unwana Afikpo Ebonyi state)